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<DIV><FONT color=#000000 size=2>"Trying to understand the mechanics of Pro
A T-Bonds. If I take a T Bond position on CBOT can I liquidate on Pro A or vice
versa? Is it all the same with a different machine running it after hrs or are
they completely separate?"</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=2>in response...</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>The Project A system is separate. It runs at night and
also runs side by side next to the pit during the day (at least some terminals
are next to the pit..limited volume when I traded it months ago..). The
Board of Trade clearing Corp. does offset positions, one against the
other...</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Hope this helps.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Michael</FONT></DIV></DIV></BODY></HTML>
</x-html>From ???@??? Mon Apr 05 20:46:36 1999
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From: "BrentinUtahsDixie" <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Gen: Hitting Ben below the belt.
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RT's,
It has been suggested that I misunderstood Bens post to Charles. After
re-reading it a few times I think that, that is right. Ben's writing style
often leaves me guessing at exactly what he meant. I guess he was saying
that it was an example of what Charles would get as a bad system?
I apologize to Ben and the group.
Brent
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